Jesse Bogan, 10.06.09, 05:00 PM EDT
Some battered producers are turning optimistic, but a government forecast suggests little near-term upside.
HOUSTON — A bump in natural gas prices and lower operating costs are causing some independent exploration and production companies to talk about picking up drilling activity. However, a report from the U.S. government predicting a milder winter than last could dampen producers’ spirits, while lifting those who pay utility bills.
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